How Banks Handle Foreclosures Is A Homeowner's Worst Nightmare

07-11-2011 • BusinessInsider.com/

It's a homeowner's worst nightmare: That banks rush to foreclose 99% of the time because (Bair suspects) bankers have a disdain for borrowers.

Foreclosure-Gate: DoJ Pushing State AGs to Whitewash Servicing Abuses

07-11-2011 • NakedCapitalism.com/

If you don’t have a credible threat to launch a suit, why should anybody bother? The answer here is obvious: this isn’t a “settlement”; it’s a cash for a broad release (effectively, an indemnification).

The Sharpest Stock Rally Since 1644

07-09-2011 • OfTwoMinds.com/blog

Does anyone seriously believe this rally is based on fundamental strengths in the U.S. and global economy? Uh, sure. Let's be honest, the whole thing reeks of massive goosing by proxies with the goal being perception management.

BATF has ANOTHER gun-walker scandal erupting, in Florida, sending guns to Honduras

07-07-2011 • Gun Rights Examiner

Operation Castaway: Virginia O’Brien was previously the Special Agent in Charge of the Phoenix Field Division. "From a first person source she is sh*tting herself trying to cover it up," the report stated.

Sinking fast, BATF director Melson says FBI and DEA are guilty too

07-07-2011 • San Francisco Chronicle

Some Mexican drug cartel figures targeted by BATF in a gun-trafficking investigation were paid informants for the FBI and Drug Enforcement Administration. BATF was "kept in the dark" and might have ended the operation sooner, Melson claims.

LulzSec hacker: ‘There’s no going back’

07-04-2011 • Muriel Kane via RawStory.com

In an exclusive interview published on Monday by New Scientist, a key member of the notorious hacker group LulzSec spoke directly for the first time about how he sees himself and his motivations.

L'il Hitler and Goon Squad Terrorize Quartzsite, Arizona's Citizens.

07-04-2011 • Private Video

Government at the point of a gun. If every single one of the officers is not in jail tomorrow---it'll mean the People have already given in to the police state. No sense in complaining. Regardless of what happens to the bonehead councilman who see

Bankers Failing Upward: They're In the Club and You're Not

06-27-2011 • NakedCapitalism.com/

Corporate American, and apparently important agencies, much prefer to hire people who’ve had Big Jobs no matter how poorly they’ve performed in them, that are very similar to the one at hand, rather than hire someone who relevant skills...

“I’ll Be Gone—You’ll Be Gone” -- Democracy vs. Kleptocracy

06-25-2011 • Gonzalolira.blogspot.com/

In other words, by the time this mess blows up, we’ll be out of the picture, and therefore scot-free.

Foreclosure-Gate: Florida Governor Wants to Take Foreclosures Out of the Courts

06-25-2011 • NakedCapitalism.com/

Florida continues to show a rather disconcerting willingness to throw its citizens’ rights under the bus to help the banks.

Foreclosure-Gate: Banks Continue To Blindside Homeowners With Foreclosures

06-24-2011 • BusinessInsider.com/

Consider the cases of Laurie Pinkerton and Lisa Peterson. The two women, both Californians and Bank of America customers, had been assured by the bank that they wouldn't lose their homes before they'd been evaluated for...

Inevitable Catastrophe: The Fruits of Moral Hazard on a Global Scale

06-24-2011 • OfTwoMinds.com/blog

This loss of faith in the transparent functioning of markets will trigger what I call the delegitimization of both the markets and the institutions which have essentially promised a permanent upward bias in assets.

Foreclosure-Gate: Mortgage Document Fabrication Getting Attention

06-18-2011 • NakedCapitalism.com/

Judges don’t like having to rule that a bank was engaged in making up documents (yes, I know, they should be indifferent, but there a lot of resistance to issuing a ruling that is tantamount to calling big established institutions crooks).

MERS Smackdown: Another Nail in the Coffin

06-14-2011 • NakedCapitalism.com/

This is the first ruling in New York to consider the question of whether MERS “can assign the right to foreclose” when it has neither rights in or possession of the note. Most courts that have considered whether MERS can make assignments...

AT&T gave cash to merger backers

06-14-2011 • Politico

AT&T is lining up support for its acquisition of T-Mobile from a slew of liberal groups with no obvious interest in telecom deals — except that they’ve received big piles of AT&T’s cash. The NAACP, the Gay & Lesbian Alliance Against Defamation and th

Prominent Bilderberg Insider Injected Into IMF Race At Last Minute

06-13-2011 • http://www.prisonplanet.com/

Following the annual Bilderberg meeting in St. Moritz Switzerland this weekend, a prominent attendee to the elitist gathering has been entered into the race to become the IMF head at the eleventh hour.

MERS Clouded Rightful Ownership to Millions of Homes

06-12-2011 • sfbg.com

Simply stated, subprime and predatory lending allowed banks to create millions of questionable mortgages, Wall Street bundled these risky mortgages together to sell to investors, and MERS made it quicker and easier to conduct these risky transactions

Jim Quinn: It's The Debt, Dummy

06-12-2011 • ZeroHedge.com

It was the early 1980′s and the Boomers were between 23 years old and 40 years old. Seventy six million Boomers were in the work force. Was it the chicken or the egg? The financial industry peddled debt as the solution to all problems.

Bilderberg 2011: The Curtains Are Drawn

06-10-2011 • http://lewrockwell.com/

Breaking news. There's been a bomb. Sorry, a "bomb". A "tubular device" has been "found" by the police, two people have been cuffed and whisked off, and the security is tightening fast.

Foreclosure-Gate: What Happens When Mortgage Backed Securities Are Empty?

06-10-2011 • Market-ticker.org

These institutions are "foreclosing" on loans they have no legal right to foreclose upon as they don't own them.

Are Taxpayers Ready To Bailout European Banks That Bought US Mortgages?

06-09-2011 • ZeroHedge.com

AIG is about to do for EU banks what the ECB so far has been unwilling and/or unable: namely to transfer the risk associated with European banks' massive ongoing exposure to the continuously collapsing US housing market back to the US taxpayers...

Third World America 2011: Forget "Fast Tracking to Anarchy" We've Arrived

06-09-2011 • BusinessInsider.com - Janet Tavakoli

After being subjected to a national financial crime wave with no meaningful consequences for white collar criminals, the middle class, the core of many cities and communities, is being subjected to a physical crime wave.

Foreclosure-Gate: Federal/”50″ State Attorneys General Mortgage Fiasco

06-08-2011 • NakedCapitalism.com/

I’m having trouble understanding why anyone is still treating the Federal/state attorney general mortgage “settlement” negotiations as anything other that a fiasco. The more news reports come out, the more the parties aligned against the banks...

Congress’ Slush Fund For Defense Earmarks

06-07-2011 • Linda S. Carbonell

These earmarks, pork projects set aside for a particular Congressional district, are in a newly created special fund called the “Mission Force Enhancement Transfer Fund.” The fund has already hit $1 billion